How the price action of (EQT) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for EQT
  • Buy EQT over 21.56 target 24.18 stop loss @ 21.5 Details
  • The technical summary data tells us to buy EQT near 21.56 with an upside target of 24.18. This data also tells us to set a stop loss @ 21.5 to protect against excessive loss in case the stock begins to move against the trade. 21.56 is the first level of support below 23.79 , and by rule, any test of support is a buy signal. In this case, support 21.56 is being tested, a buy signal would exist.

  • Short EQT under 24.18, target 21.56, stop loss @ 24.25 Details
  • The technical summary data is suggesting a short of EQT as it gets near 24.18 with a downside target of 21.56. We should have a stop loss in place at 24.25though. 24.18 is the first level of resistance above 23.79, and by rule, any test of resistance is a short signal. In this case, if resistance 24.18 is being tested, a short signal would exist.

Swing Trading Plans for EQT
  • Buy EQT over 24.18, target n/a, Stop Loss @ 24.11 Details
  • If 24.18 begins to break higher, the technical summary data tells us to buy EQT just over 24.18, with an upside target of n/a. The data also tells us to set a stop loss @ 24.11 in case the stock turns against the trade. 24.18 is the first level of resistance above 23.79, and by rule, any break above resistance is a buy signal. In this case, 24.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EQT near 24.18, target 22.68, Stop Loss @ 24.25. Details
  • The technical summary data is suggesting a short of EQT if it tests 24.18 with a downside target of 22.68. We should have a stop loss in place at 24.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 24.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for EQT
  • Buy EQT over 24.18, target 24.78, Stop Loss @ 24.12 Details
  • If 24.18 begins to break higher, the technical summary data tells us to buy EQT just over 24.18, with an upside target of 24.78. The data also tells us to set a stop loss @ 24.12 in case the stock turns against the trade. 24.18 is the first level of resistance above 23.79, and by rule, any break above resistance is a buy signal. In this case, 24.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short EQT near 24.18, target 22.68, Stop Loss @ 24.24. Details
  • The technical summary data is suggesting a short of EQT if it tests 24.18 with a downside target of 22.68. We should have a stop loss in place at 24.24 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 24.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

EQT Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 18.97
P2 24.14 22.68 21.56
P3 24.78 24.15 24.18

EQT Long Term Analysis for January 15 2022


EQT Swing Trading Analysis for January 15 2022


EQT Day Trading Analysis for January 15 2022

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The   (NYSE: EQT) data table below can help you with price action, and we have more details too. Trading plans for EQT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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